QNB may launch IPO for Syrian unit by May in ’10

From Gulf-times.com: QNB is likely to launch the initial public offering of its Syrian subsidiary by May next year. The board of directors has “agreed to the broader plans to finalise the IPO next May, after obtaining the required approvals from the Central Bank of Syria”, QNB executive general manager and chief business officer Ali Ahmed al-Kuwari said.

QNB, Qatar’s largest bank in terms of assets and capitalisation, is offering 32.5% to the general public in Syria…..Full Article: Source